RELIANCE

Higher level resistance are 1080-1085, down side support to be watch out 1048-1032, below more down side. On panic to catch this stock for long term investors.


RELCAPITAL

Major hurdle of this counter are 840-850, successfully crossover think to buy side, down side support exit 800, thereafter.....

LT

Higher level resistance 1650, on reversal selling opportunity, support are 1610-1600 must be hold for bull move.

HDIL

Ultimate target are 291... any rise to selling opportunity.

SBI

Bull move only above 2350, otherwise sell.

RANBAXY

Looks very very hot......Our target are intact 450, but it must hold 400-410 level...

HINDALCO :On rise it will face multiple resistance like 142 to 145 range....

DLF

Decisively break 350, another round of down side.


TISCO

Panic to be watch out 520, whether hold or not, otherwise .....?

• Kotak Bank Dec. Future (Rs. 781)

Buy only on a move above 787 with a stop loss
below 779 for an intra-day target of 803.


Nifty Future + Bank Nifty + CNX IT

Nifty Future : On week to week basis, strong reversal were seen on Friday trading and almost closed with a green. Overall we may consider support are 4900-4890, below it will test 4840 and major support are 4750. Ultimate target are 5150-5180-5200.

As expected on yesterday, heavy profit booking were saw and finally closed at 4980 which is discount against the Novemember series indicate major short sell have been created in December series as well as most of the roll over were the short side.

Yesterday High was 5108 and finally broken support level and tested

Low 4978, finally managed to close at 4980 which indicate a lot of

Long have squared off and short was rolled over in the next series.

Nifty roll over 71% against the market roll over 80%.

FIIs are net buyers of more than 280 crores.

Today hurdle are .........5040, 5051

Down side support 4975, below immediate target 4944-4920-4901

Bank Nifty : Trend is still is bullish. Any decline to buying opportunity with consider support 8800-8700. Weekly trend decider 5150 In the Bank Nifty, the December series are traded at premium to November indicating good carry over and bullish sign . Decisively break 9000 further weakness.

CNX IT : Today support are 5350, higher level resistance are 5500, above more up side. Weekly Trend Decider 5455.OUR TARGET ARE 5700 + . We think that it could gain if the rupee goes lower again.

NIFTY

Over all trend is up and it high of 5079 with extremely volatile. We may expected that the strong support are 4740, as long as hold possible target are higher level 5150-5180-5300 or above. We advise to readers, any decline or panic should be accumulate and excellent buying opportunity. Over all in the Indian market, global cues would be play a important role, as far as the sentiment is concerned, some economic data is also due in the coming week which is watch out.

Today resistance are 5040-5050, down side support are 4980,below it will take support 4968-4950-4928, thereafter more down side can not be ruled out. Weekly trend decider 5021.


BSE

BSE: Short term trend of the Market are remain positive as hold 16000 level, but higher level it will face strong resistance 17400-17500, successfully crossover and closed above another bull move which may go beyond 18500-19000. Long term trend are still good and we expect in 2010 it will test new high.

Today : Higher level resistance zone 17000-17100, real strength show only above that level, down side below 16808, immediate target are 16650-16610.Weekly trend decider 16918.

Dow : Last week Dow recorded a fresh move and almost tested new high of 10438 which is almost achieved . As remain up trend, next intermediate target likely 11000-11300-11500 in near term. On the other hand we consider support 10000 and major support are 9500, below deeper correction can not be ruled out.

Note: More intra-day opportunities will be provided
live during the market hours

Stocks which were under top market gainers today are : Coal India, Wipro, Reliance, Yes Bank. Day traders should try to select good performing stocks from different sectors to earn good returns while day trading in market.